Growing population, and rising percentage of aging individuals in the population mix, coupled with increasing patient demand for therapeutic efficiency, is expected to drive the world growth factors market to over $52.1 billion by the year 2012. Growth will also be encouraged by the recent success of commercialized products in new therapeutic applications such as neutropenia prevention and treatment.

San Jose, CA (PRWEB) November 10, 2008 -- Age-related conditions such as Alzheimer's disease, malignancies, trauma and autoimmune disorders necessitate the development of less-invasive and more effective therapies. Growth factors (blood and tissue) have made an indelible mark on the market as a promising and cost-effective therapeutic solution for addressing unmet medical needs. Growth factors have a wide range of opportunities, especially in treating critical conditions such as granulocytopenia, leukemia, aplastic anaemia, bone marrow transplantation, and myelodysplastic syndrome. Additionally, Human recombinant technologies have triggered these therapeutic biological products to greater heights. The steady stream of products presently in the pipeline will additional help ensure sufficient levels of product commercialization.

As stated by the recent report published by Global Industry Analysts, Inc., the United States leads the global growth factors market, in terms of discovery and product sales. Market for growth factors in the United States is expected to rise by about US$14.1 billion during the period 2008 to 2012. Europe and Japan together account for more than 32% share estimated in the year 2008. In the upcoming years, the world growth factors market is expected to make substantial progress fueled by research collaborations, government and private funding, and commercial opportunities.

In the world Blood Growth Factors market, erythropoietins represents the largest and fastest growing segment, which is expected to reach US$30.8 billion by the year 2012. Blood growth factors are slowly proving to be ideal therapeutic treatments in healthcare due to their enhanced characteristics of assuaging chronic conditions including anemia. In the untiring fight against diseases, growth factors have accomplished reasonable levels of success over the recent years. As such, development centers are busy finding new processes and formulations to enhance the benefits of blood growth factor treatments. Market for Tissue Growth Factors market is dominated by the US and Europe, together cornering over 73% share as estimated in 2008. Tissue growth factors demonstrate promising potential in areas such as wound healing, neurodegenerative diseases, and growth of musculoskeletal tissues. Successful implementation of these biological products is expected to address the unmet medical problems such as Parkinson's disease and Alzheimer's disease.

About Global Industry Analysts, Inc.:Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

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